Why is 3i Infotech falling/rising?

As of 14-Jul, 3i Infotech Ltd's stock price is currently at 23.54, reflecting a decrease of 0.36, or 1.51%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.57%. It is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a drop in investor participation, with delivery volume decreasing by 9.68% compared to the five-day average. While the company has reported positive results such as a significant increase in profits and attractive valuations compared to peers, it also faces challenges like weak long-term fundamental strength and declining institutional investor participation, which may contribute to the recent price decline.
In the broader market context, the stock has underperformed against the Sensex, with a one-week return of -2.77% compared to the benchmark's -1.42%. Over the past year, 3i Infotech has generated a return of -38.55%, significantly lagging behind the Sensex's 2.15% gain. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles in attracting investor confidence, particularly in light of the weak growth in operating profits and the declining stakes of institutional investors, who typically have more resources to assess company fundamentals.